Human Resources Provide an Organization with a Sustainable Competitive Advantage

question 63

Multiple Choice

Human resources provide an organization with a sustainable competitive advantage because:

• A) highly skilled and knowledgeable employees are commonly available.
• B) the organization can easily duplicate the success of competitors' human resources.
• C) after financial resources, human resources are the most committed to an organization.
• D) high-quality employees provide a needed service as they perform many critical functions.
• E) employees can be easily trained, motivated, and developed to care about customers.

Comprehend the role of different generations in the economy and workforce.

Understand the influence of historical events on generational attitudes and behaviors.

Acknowledge the challenges and stereotypes associated with aging and elder care.

Appreciate the diversity within generations and the factors contributing to their identities.

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Definitions:

Raw Materials Purchased

This term refers to the total cost or expenditure on raw materials that have been bought for use in production during a specific period.

Work in Process Inventory

Inventory representing the cost of unfinished goods being produced, including materials, labor, and overhead expenses.

Manufacturing Overhead Costs Applied

The estimated indirect costs associated with production, such as utilities, rent, and maintenance, allocated to products.

Overapplied Overhead

Occurs when the allocated manufacturing overhead cost is greater than the actual overhead cost incurred.